USA antitrust approves $483Mn merger of Sprint & Virgin Mobile

www.WirelessFederation.com/news: According to a notice released by the Federal Trade Commission, the USA antitrust regulators have reportedly approved a proposed merger of Sprint Nextel and Virgin Mobile USA worth $483 million. It was in July that Sprint announced the acquisition of Virgin Mobile. In buying Virgin Mobile, Sprint is taking over one of its wireless resellers and gaining a pay-as-you-go option that rounds out its low-end offering.

The deal could be subject to review by the Federal Communications Commission.